Timothy J. Leiweke, the chief executive of Maple Leaf Sports & Entertainment in Toronto, will join Pandora’s board immediately, and Roger Faxon, the former chief of the music conglomerate EMI, has been nominated and will stand for election at Pandora’s annual shareholders’ meeting on June 4, the company said.
Pandora has been trying to mend its frosty relationship with the music industry through promotional partnerships and data-sharing with artists. At the same time, Pandora is engaged in several major legal proceedings in which it is opposing music industry efforts to raise its royalty rates, an issue that has led to sharp criticism of Pandora by artists and advocacy groups.
Next week, the Copyright Royalty Board, a panel of federal judges in Washington, will begin hearings to set a royalty rate for the use of recordings by Internet radio services like Pandora and iHeartRadio. The rate the panel sets currently accounts for almost half of Pandora’s expenses, and the uncertainty around the proceedings has weighed on the company’s stock.
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